Yum! Brands facts for kids
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Formerly
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Tricon Global Restaurants, Inc. (1997–2002) |
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| Public | |
| Traded as |
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| Industry | Foodservice |
| Predecessor | PepsiCo |
| Founded | October 6, 1997 |
| Headquarters |
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U.S.
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Number of locations
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58,000 (2023) |
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Area served
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Worldwide |
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Key people
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| Revenue |  US$7.076 billion (2023) |
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Operating income
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US$2.318 billion (2023) |
 US$1.597 billion (2023) |
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| Total assets | US$6.231 billion (2023) |
| Total equity | −US$7.856 billion (2023) |
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Number of employees
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34,000 (2019) |
| Subsidiaries |
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Yum! Brands, Inc. is a huge American company that owns many popular fast-food restaurants. You might know them as Yum!. They own famous brands like KFC, Pizza Hut, and Taco Bell. They also own The Habit Burger Grill.
Yum! Brands is one of the biggest fast-food companies in the world. They have over 58,000 restaurants in many countries. Most of these restaurants are run by other businesses through a special agreement called a franchise.
Contents
History of Yum! Brands
How PepsiCo Started in Fast Food
The story of Yum! Brands began in 1977. That year, a big company called PepsiCo bought Pizza Hut. A year later, PepsiCo also bought Taco Bell.
In 1986, PepsiCo bought KFC. This meant PepsiCo owned three very popular fast-food chains.
Tricon Global Restaurants is Formed
In 1997, PepsiCo decided to focus on its drink and snack businesses. So, they created a new company called Tricon Global Restaurants, Inc. This new company took over KFC, Pizza Hut, and Taco Bell.
Tricon Global Restaurants chose Louisville, Kentucky, as its main office. This was also where KFC's headquarters were located.
In 2000, Tricon Global started trying out restaurants that combined different brands. They worked with Yorkshire Global Restaurants, which owned A&W Restaurants and Long John Silver's. This test was successful.
Becoming Yum! Brands
In March 2002, Tricon Global Restaurants and Yorkshire Global Restaurants decided to join together. This big merger happened on May 8, 2002. After that, the company changed its name to Yum! Brands.
When Yum! Brands was formed, Long John Silver's and A&W Restaurants started serving Pepsi products. This was because Yum! had a long-term agreement with Pepsi. However, A&W still kept its famous A&W Root Beer.
Yum! Brands also started combining Pizza Hut with other food concepts. For example, they launched WingStreet in 2003. WingStreet sold chicken wings and was often found inside Pizza Hut restaurants.
Growing Around the World
In 2011, Yum! Brands decided to sell Long John Silver's and A&W. They wanted to focus more on their main brands: KFC, Pizza Hut, and Taco Bell. These three brands were growing very fast outside of North America.
Later in 2011, Yum! Brands bought a Chinese restaurant chain called Little Sheep. This company specializes in hot pot dishes.
In 2012, KFC opened its first restaurant in Ramallah, in the West Bank. This was the first American fast-food place there. In 2013, Yum! Brands opened its first restaurant in Ulaanbaatar, Mongolia. KFC was the first Western fast-food chain to open in Mongolia.
By 2013, Yum! Brands had opened its 40,000th store in Calangute, Goa, India. This showed how much the company was growing globally.
New Restaurant Ideas
Yum! Brands also tried out new restaurant ideas. In 2014, they opened Super Chix, which was similar to Chick-fil-A. They also launched U.S. Taco Co., a more upscale taco restaurant. However, these test restaurants were later sold.
In 2020, Yum! Brands bought The Habit Burger Grill. This company is known for its charbroiled burgers.
Yum! Brands has also bought several technology companies. These companies help with things like training employees, taking orders online, and understanding what customers want. For example, they bought Heartstyles, Tictuk Technologies, Kvantum, and Dragontail Systems.
In 2023, Yum! Brands announced they would buy 218 KFC restaurants in the UK and Ireland. This will bring more KFC locations directly under Yum!'s management.
How Yum! Brands is Organized
The current CEO (Chief Executive Officer) of Yum! Brands is David Gibbs. The CEO is like the main boss of the company.
Since 2006, Yum! Brands has been a sponsor of the Kentucky Derby. This is a very famous horse race.
In 2015, Yum! Brands decided to split into two separate companies. One company remained Yum! Brands, focusing on its global operations. The other company, called Yum China, took over the restaurants in mainland China. This split happened in 2016.
Yum! Brands Restaurants
Current Brands
- KFC
- Pizza Hut
- Taco Bell
- Banh Shop (Yum! has a small investment in this)
- The Habit Burger Grill
Former Brands
- A&W Restaurants – Sold in 2011
- D'Angelo Grilled Sandwiches – Sold in 1997
- Hot 'n Now – Mostly closed down
- Long John Silver's – Sold in 2011
- Pasta Bravo
- Super Chix
- East Dawning – Now part of Yum China
- Little Sheep – Now part of Yum China
See also
In Spanish: Yum! Brands para niños
- List of major employers in Louisville, Kentucky
- Yum China
- Restaurant Brands
